Author Topic: Denmark & currency wars  (Read 1427 times)

Mackin USA

  • Inner Core
  • Hero Member
  • *
  • Posts: 2103
  • Abstract Artist
    • View Profile
Denmark & currency wars
« on: February 02, 2015, 02:32:28 PM »
Denmark is battling to avoid its krone becoming the next victim of the global currency wars, wielding a combination of negative interest rates plus market interventions to sell its own currency plus scrapping government bond sales as it defends its peg to the euro. I've seen this movie before; it never ends well.

http://finance.yahoo.com/news/currency-war-claims-another-casualty-230002286.html
Mr. Mackin

Rumbas

  • Global Moderator
  • Hero Member
  • *****
  • Posts: 1847
  • Viking Wrath
    • MSN Messenger - rasmussoerensen@hotmail.com
    • AOL Instant Messenger - seorasmus
    • View Profile
Re: Denmark & currency wars
« Reply #1 on: February 02, 2015, 03:06:20 PM »
Yeah, now you get money for lending money. Go figure. Pretty sure that will not end well.